Tue, 28 Sep 2021 | BUSINESS SALE
Nu:move, a hybrid online estate agency operating via a franchise network, has been put up for sale by its owners. The firm’s owners, brothers Karen and Arun Batth, say that the company is being sold to enable them to focus on its sister business, property investment sourcing provider nu:1 Capital.
Founded in 2013, nu:move was valued at £2 million when the company listed on fundraising platform Seedrs in 2020. Last year, the company raised £750,000 to fund the expansion of its franchise network.
The firm has 20 regional representatives across its network, through which it has marketed around 10,000 properties. Nu:move’s founders say that the firm is profitable and has generated revenue growth on a yearly basis.
Franchises with the firm cost from £4,000 to £10,000, depending on the size of their individual network. Training, admin, systems and support from the wider group are then charged at £215 per month. The company offers both sales and lettings services and charges from £699 (excl. VAT) to £1,395 (excl. VAT) to market homes for sale.
According to chairman TJ Singh, the firm is being sold as “a ready-made business with all cloud-based systems in place”.
In its most recent available accounts at Companies House, for the year ending December 31 2020, nu:move had total net assets worth £2.23 million.
Find businesses for sale here.
If you are looking for an exit, we can help!
Typically acts for institutional real estate investors and pension funds, property companies and developers, providing project and development management services across the full breadth of property sectors. Benefits from a strong reputation built on...
LEASEHOLD
Provides a variety of assessments and support packages to parents; these include formal observations, self management work, life skill lessons and access to external specialist services. Services a variety of local councils and boasts a client base c...
FREEHOLD
Provides a range of consultancy, coaching and training services to facilitate clients’ ongoing business development and growth. Provides its services online and in-person, and offers unique solutions such as training video creation.
RELOCATABLE
|
30
|
|
Sep
|
Administrators seek buyer for pie maker’s manufacturing sites and other assets | ADMINISTRATION
Administrators from FRP are seeking a buyer for a longstandi...
|
29
|
|
Sep
|
Wetherspoons to sell 32 pubs as costs rise | COMMERCIAL PROPERTY
Pub chain JD Wetherspoon has announced that it will sell 32 ...
|
28
|
|
Sep
|
Assets to be sold after collapse of black plastics recycling firm | ADMINISTRATION
Administrators are seeking to sell the assets and intellectu...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources